Markets reacted positively to the CPI data but could not surpass the resistance at 18200. The last two sessions of the week saw some active selling coming in which also saw Nifty closing inside the budget day range once again after breaking out briefly. As of now, it does seem like we are short on the demand side and may await stronger economic cues to get on the upward journey.
Most of the benchmarks remained flat this week. With less than 6 weeks to go for the end of this FY, things certainly do not look very bright with most of the indices remaining flat. We have been consolidating for a very long time now and a break out from here can lead to a very strong rally. As long term investors, we shall continue to remain patient and hope for good times ahead.
PSE (+1.9%) , INFRA (+1.7%) & COMMODITIES (+1.6%) were the top gainers of the week while REALTY & PSU BANKS continue to struggle at the bottom of the chart. The story of the week however is IT which has topped the 30 & 90 day performance chart clocking (+5.2%) & (+4.6%) respectively. This is the first time in a long long time that IT has outperformed all other sectors across any timeframe. This proves the relative strength of this sector which may see a stronger uptrend when it happens.
Most of the WeekendInvesting strategies remained in line with the benchmarks recording a flattish to negative performance barring a few. The performance is updated below.
WeekendInvesting Loyalty Discounts <W I L D>
We also adopted – Customer Bhagwan Che along with the famous Bhav Bhagwan Che philosophy right since the day we started offering services for retail & we are pumped to launch WeekendInvesting Loyalty Discounts < W I L D > primarily aimed at rewarding WeekendInvestors who have reposed faith in our strategies by staying subscribed for long periods.
This initiative is in the same line of thought as many of our other customer centric initiatives like the Daily Bytes, Daily Insights, User Manual, FAQ Booklet, WeekendInvesting HUB, #askweekendinvesting series, Weekend Chat with WeekendInvestors and also not to forget our lightening quick email responses.
Who is eligible for W I L D ?
WeekendInvestors who have spent 1 year/ 2 years / 3 plus years of continuous time in annual subscriptions.
What are the features of W I L D ?
If you have completed 1 year of annual subscription in any strategy, you shall be eligible to use a special code that gets you a 20% discount , 2 years will unlock a 25% discount and folks who have spent 3 plus continuous years shall get a 30% discount.
You will receive a whatsapp message from Team WeekendInvesting with details of the code at the time of your renewal.
This discount code can be used to
(a) renew your current subscription and
(b) enable you to subscribe to any other strategy(s) of WeekendInvesting at the same discount using the same code which will be valid for a maximum period of 30 days.
You may go through the blog on WILD here
A SHORT COURSE to Help you Stay Calm in All Market Conditions
Usually, quick – sharp corrections amidst a Bull Run creates ambiguity in the minds of lots of new investors. The most important question we often get asked is whether markets will crash from here. Should we exit? and a few other questions like these. We have made several videos to help you clarify many such questions and help you have the RIGHT MINDSET for a rewarding journey in investing.
We have put together a few of our previous Daily Bytes which we think might be relevant for times like these. Do have a look and send us your thoughts, questions or comments if any.
The smallcase products are all LONG ONLY products that invest in various subsegments of the markets but have the momentum theme underlying in all of them. The strategies will pick strong outperforming stocks and remove weak ones once a week (except Mi NNF10, Mi EverGreen & Mi India Top 10 which is monthly rebalanced)
These are all long-term strategies that will create enormous wealth in each upswing and then maybe give some back in the downswing and repeat this process again and again achieving the compounding effect. With patience and grit to follow strategy over ups and downs over the last nearly five years, it has been shown that much superior CAGR returns are possible than the benchmarks.
FY22 was also superb and I will let the numbers speak for themselves. You may read the Consolidated FY22 report.
We give advance notice here on the upcoming changes in your smallcase for Monday. This advance notice can be used to ignore Monday’s update if there is no change. If there is a change indicated you can use the smallcase app or log in to weekendinvesting.smallcase.com to see the rebalance. A backup email is sent by mid-day Monday if you have not rebalanced by then and yet another one a day later.
Note: We are not including LIQUIDBEES as an ADD or an EXIT count.
The performance of all strategies across various timeframes are listed below.
WeekendInvesting Products – LIVE Index Data
Many of you had asked us to make the index series of all WeekendInvesting Products available so that you could perform your own analysis and studies. You can find a link to the LIVE sheet here and also on the HUB under the support column in the content tab.
WeekendInvesting Telegram and YouTube Channel
We post daily content related to investing on our Weekendinvesting Telegram Channel and YouTube channel to help our community take stock of the performance of markets, sectors & our products and touch base upon a new topic every day. We look forward to having you all there! Several videos in this blog are from this series.
STAIRS Revamped Models
STAIRS is a LONG / SHORT derivative strategy that is designed to offer an uncorrelated diversification option to your equity portfolio. STAIRS will do well when there are up trends & also when there are down trends while giving up some of the gains when markets remain rangebound/volatile.
You may go through our latest weekly report for more details.
All 4 STAIRS models go in line with our fundamental philosophy of making the most and compounding aggressively when markets give us trends and go very defensive as trends fizzle out and enter a rangebound territory, thus providing robust capital & profit protection.
Effectively – STAIRS is a complete trading system (Futures & Options) that covers each of the following decisions required for a successful trading outcome:
• Markets – What to buy or sell?
• Position Sizing – How much to buy or sell?
• Entries – When to buy or sell?
• Stops – When to get out of a losing position?
• Exits – When to get out of a winning position?
We also run a dedicated telegram channel for STAIRS which you may join using the below link.